Mirach Energy gets further and final extensions for FY2019 AGM, annual report

MIRACH Energy has been given further deadline extensions for its annual general meeting (AGM) and financial statements, subject to certain conditions, the watch-listed firm announced in a Singapore Exchange filing on Tuesday night.

The company has received a further - and final - extension of time to Sept 4, from Aug 3 previously, to publish its annual report for FY2019, so that external auditors BDO can finalise the audit of its FY2019 financial statements.

A similar final extension was granted for it to meet the financial criteria requirements for removal from the watch-list.

It has also received a final extension of its annual general meeting (AGM) deadline to Sept 21, from Aug 17 previously.

Other extended deadlines are Sept 4 for its FY2019 sustainability report; Sept 11 for its Q1 2020 financial statements, and Sept 18 for its Q2 2020 financial statements.

These extensions are granted subject to conditions, including the announcement of this waiver by the company, disclosure of undertakings mentioned in an April 29, 2019 announcement, written confirmation that the company is unaware of any information that will have a material bearing on investors' decisions, which it has yet to announce, and meeting the deadlines for its AGM and its annual and sustainability reports.

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Mirach said that it is still in discussion with BDO over the resolution of key audit matters. BDO has said that another three weeks are needed to complete the audit.

The firm advised shareholders to exercise caution in dealing in its shares.